Assessee not liable for penalties u/s 271E/271D for violation of sections 269SS/269ST by company where...

The assessee was not held liable for penalties under sections 271E and 271D for violations of sections 269SS and 269ST by a company where she was neither a shareholder nor a director. The Income Tax Appellate Tribunal (ITAT) ruled that she could not be held responsible for the actions or omissions of her deceased husband, who was a director, as she did not inherit any estate from him nor was involved in the company's dealings. The provisions of section 159(6) limit a legal representative's liability to the extent of assets acquired, and the revenue failed to prove she received any estate from her late husband, leading to the deletion of penalties. .....

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